Examples of Eligible Custodian in a sentence
Eligible Custodian means any third party custodian (including an associate) whom may be appointed by us from time to time to hold the assets and/or cash in your portfolio.
You accept that PSL or any Eligible Custodian may, if it is required to do so to comply with legal or regulatory requirements, withhold or deduct tax or other amounts from any such payments.
If you are eligible to reclaim any such withholdings or deductions then this will be your responsibility and not that of PSL or an Eligible Custodian, to do so.
Any costs PSL or an Eligible Custodian incurs when complying with these obligations may be deducted by PSL from your account.
Eligible Custodian This refers to a third party custodian (or its nominee company) who PSL selects under the FCA Rules to register your investments with.